Inox Wind Reports 45% Drop in Q4 Profit, Analysts Weigh Buy or Sell
Inox Wind shares in focus after Q4 net profit drops 45% to Rs 106 crore. Should you buy, sell or hold?
Image: The Economic Times
Inox Wind's net profit for Q4 FY26 fell 45% to ₹105.68 crore, with revenues also declining. Analysts remain divided, with JM Financial maintaining an 'Add' rating and a target price of ₹101, while Motilal Oswal recommends 'Buy' with a target of ₹110. The stock has seen significant declines in 2026.
- 01Inox Wind's Q4 FY26 net profit dropped to ₹105.68 crore from ₹190 crore YoY.
- 02Revenue fell over 2% YoY to ₹1,244 crore, with total expenses rising by more than 5%.
- 03JM Financial noted a significant miss on revenue estimates, reducing its target price to ₹101.
- 04Motilal Oswal maintained a 'Buy' rating, citing potential growth from Inox Clean's renewable capacity plans.
- 05Inox Wind shares have decreased more than 24% in 2026 and nearly 52% over the past year.
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Inox Wind's consolidated net profit for the January-March quarter of FY26 plummeted by 45% year-on-year to ₹105.68 crore, down from ₹190 crore in the same period last year. The company's revenue from operations also fell by over 2% to ₹1,244 crore, while total expenses rose by more than 5% to ₹1,162 crore. JM Financial described the results as an 'all-around' miss, noting that revenue was nearly 25% below estimates. They lowered their target price for the stock to ₹101, suggesting an upside of approximately 9%. Conversely, Motilal Oswal maintained a 'Buy' rating, citing strong future growth potential from Inox Clean's plans to add 3GW of renewable capacity annually. The stock has seen a decline of over 24% in 2026 and nearly 52% over the past year, closing at ₹93.02 on Friday. Despite recent struggles, the company has shown strong long-term performance, with a 386% increase over five years.
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The decline in Inox Wind's profits and revenues could affect investor confidence and stock performance, impacting shareholders.
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